Tag: dah chong hong

An award-winning strategy was created specifically for Dah Chong Hong, to help the firm overcome its problems with multiple cash pools in China. By finding a tax-friendly consolidated pooling solution, Hang Seng Bank set the conglomerate on the path to notable savings, both in time and money.

Francis Wai King-fai, CFO of Dah Chong Hong Holdings, Hong Kong’s trading, auto and logistics conglomerate, talks to CT about the trials of piloting cash pooling in China, searching for non-European banks, and hedging out FX risk.